Originally Posted by
see weed
Lets take Ampol out of the picture for a minute or two. What would be a fair price for a company paying a 21c div? At the moment $3.61 gives about 5.8% yld. Beagle might have a better idea at these sort of figures. I also sold half my holding last week, but thought b..ger it and bought them back again out of boredom. If the deal with Ampol happened to fall through, then the sp would fall a wee bit but would soon recover with the div chasers. What would happen if div chasers came in now buying millions of shares and pushing sp up to $3.90c which is still equal to about 5.4% yld. We wouldn't have to worry about the Ampol offer and carry on our merry way collecting nice div every 6 months:t_up:.